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How to turn in Person of interest not paying taxes on revenue received?
Wiki User
∙ 6y ago
This will vary based on the type of tax you are referring to. Often times there are those who are not willing to pay their share of the taxes due, and those who lie and cheat on their taxes. Most of the time you would report the person whom you suspect of such activity to the governmental organization responsible for collection of such taxes. For instance, those not paying income taxes in the United States would report this violation to the Internal Revenue Service, a division of the Department Treasury. There are often times rewards to those who report such activity. Tax evasion is illegal and punishable by tax increases, fines, and prison time for those found guilty of such crimes. Often times such activity are also related to other illegal activities, like dealing drugs, which is a crime in itself, and the nonpayment of income taxes of illegally gained revenue is another crime, both being punishable by law.
Wiki User
∙ 6y ago
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What is the advantage in paying with a lump sum?
The advantage of a person paying with a lump sum is that it will affect the interest that a person will pay on the money they have borrowed. Paying a lump sum will also help a person because a person will pay less on their interest and mortgage.
What is the difference between earning interest and paying interest?
One person (or organisation) pays interest to another - who earns it.
How can you eliminate the interest and penalties on your student loan?
The penalties by paying on time. The interest by paying it off.
Are you obligated for the mortgage if your name is on the title?
You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.You are obligated for paying the loan if you signed the mortgage. If your name was added to the title after the mortgage was granted then you received your interest subject to the mortgage. If it isn't paid the lender will take possession of the property by foreclosure. If your name was on the title prior to the mortgage and the lender didn't have you consent to the mortgage then the lender made a big mistake and can only take possession of the interest of the person who did sign the mortgage.
What is revenue tax?
Tax revenue is the income that the government gets from individuals paying their yearly taxes. Anytime taxes are taken out of your paycheck, that goes to the governments tax revenue.
Does wife's co signing a mortbage make her a joint owner?
No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.No. A person who co-signs a mortgage when they are not on the deed has simply volunteered to pay the mortgage if the primary borrower stops paying. The co-signer of a loan or mortgage is equally responsible for paying the debt. Co-signing bestows no ownership interest in the property.
How much interest will be charged on my loan if I repay before interest becomes due?
If you repay your loan before the interest comes due you will be probably be paying no interest on your loan. You will probably only be paying off the principal.
If I matched the interest every payment how much percentage of interest would I end up paying?
You will end up paying round about 10% interest all together so not much at all by the end. You would end up paying not too much less as your interest will go up slightly over time whilst still paying.
How does lowering the drinking age increase taxation revenue?
Lowering the drinking age would mean more people paying for alcohol. Because all alcohol is taxed, more people paying for it means more taxation revenue.
What will happen if an unmarried couple separates and one person stops paying the mortgage?
The other must pay the mortgage or the property will be taken by foreclosure and both credit records will suffer. If one will be paying the mortgage they should sue the other for their interest in the property or buy their interest out. You should consult with an attorney.
How much faster will you pay off your mortgage if you make biweekly payments?
Paying off your loan BI_WEEKLY shortens the interest on your loan. It's important because the first (many) years ---- you're paying on interest, not principal. By paying "bi-weekly", you're paying more on principal than interest. Which means that you're paying less on interest and more on principal, which will shorten the length of your loan obligations. Good luck --- JIM
What substantially increased the number of Americans paying income taxes?
revenue act of 1942
